Normal profit is
A) positive economic profit.
B) just sufficient to keep a firm in business over the long run.
C) negative economic profit.
D) zero accounting profit.
Correct Answer:
Verified
Q61: Zhen left a job as an accountant
Q62: Zhen left a job as an accountant
Q63: Micah has decided to leave his $70,000-a-year
Q64: Micah has decided to leave his $70,000-a-year
Q65: Micah has decided to leave his $70,000-a-year
Q67: Which statement is NOT true?
A) Normal profit
Q68: Which equation is correct?
A) Economic profit =
Q69: Which equation is correct?
A) Economic profit =
Q70: Which equation is correct?
A) Economic profit =
Q71: Profit in excess of both explicit and
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